The firm’s marketing director Alison Lewis said: “To have secured the Wham and Highland Toffee brands and to be adding them to a portfolio, which includes some of Britain’s best loved sweets, is a significant step for the business.

“They both retain such a strong appeal for adults and kids alike and have a natural place amongst our family favourites.”

The acquisition is part of an ongoing growth strategy which has seen its turnover quadruple to more than £160M in the past five years.

Last month, investment firm Ambrosia Holdings was linked with a possible rescue bid for Millar McCowan. Speaking last month, Manoli Vaindirlis, from Ambrosia Holdings said: “We still believe there’s a strong place in the market for the company.”

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